Bitcoin is Not a Hedge with Parker Lewis (WiM267)
The "What is Money?" Show
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Is Bitcoin a Better Form of Money?
Bitcoin is not a hedge in the sense that we're trying to remove the uncertainty of dollar depreciation, but you're actually trying to exit the instrument entirely that is being depreciated. And there is a very big difference of trading Bitcoin to get more dollars versus recognizing that Bitcoin is a better form of money. I'm going to need Bitcoin to go buy gas at the gas station and food at the grocery store. It's like fixed money supply, you know, ever increasing debasement, but it's also trust based system, trustless system.
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